Broadcom Makes $130B Unsolicited Bid for Qualcomm

Broadcom Makes $130B Unsolicited Bid for Qualcomm

Broadcom Makes $130B Unsolicited Bid for Qualcomm

CNBC, however, reported that Qualcomm rebuffed Broadcom's initial offer, which was made in private. We will maintain our fair value estimates of $68 for narrow-moat Qualcomm and $203 for narrow-moat Broadcom, but we would probably raise our fair value estimate for Broadcom-perhaps as much as 25%-if a definitive deal were reached.

Buying Qualcomm would make Broadcom the third-largest chipmaker, behind Intel Corp. and Samsung Electronics Co.

Broadcom today (6 November) revealed a $105bn takeover bid for Qualcomm, a move that would see the creation of a giant in the chip-making world. However, according to the FT, Qualcomm is set to reject the deal, raising the prospect of a fight for the future of the company.

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The person was identified as Mukhammadzoir Kadirov, who is approximately 33 years old with black hair and brown eyes. Notes found in the rented truck used in the attack were written in Arabic and praised the terror group, Miller said.

The Broadcom offer of $70 per share to Qualcomm stockholders would be $60 per share in cash and $10 per share of Broadcom. CEO Hock Tan last week, saying the company is likely to relocate its headquarters from Singapore to the United States.

The proposal comes as Qualcomm is trying to close its pending $38-billion acquisition of NXP Semiconductors NV (NXPI.O).

Reports claim the merger between Broadcom and Qualcomm would create a company with a market capitalisation of more than $200 billion and would be one of the biggest takeovers in technology sector history.

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With more consistency on offense, the defenders had the opportunity to rest on the sidelines, and it showed in the fourth quarter. But despite his disagreements, Forte says he was not ready to be confrontational with offensive coordinator John Morton.

Qualcomm shares rose up by 3.6 percent in premarket trading this Monday in NY. Broadcom already provides designs for Wi-Fi and Bluetooth chips, and by bringing in Qualcomm it will be able to encompass LTE and 5G capabilities.

Broadcom is in the process of closing its $5.5bn acquisition of Brocade, while Qualcomm is struggling through regulatory scrutiny to complete its $38bn deal for Dutch semiconductor vendor NXP.

Broadcom said if the deal is approved, it expected a combined company to have revenues of about $51 billion.

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